Oak Ridge, N.J. – June 1, 2015— In recognition of American Housing Month, Lakeland Bankis providing consumers with valuable housing information throughout the month of June. Tips for both renters and home owners will include choosing the right housing option, getting a loan, improving your credit score, and saving for a down payment.
“As the housing market gets into full swing, we remind customers that choosing the housing option that is best suited for their current lifestyle and financial situation is critical,” said Stewart McClure, Regional President. “Lakeland Bank recognizes the importance of quality housing and we will be there to support our customers, whether they are a first-time home buyer or a seasoned home owner.”
Throughout the month, Lakeland Bank will provide a variety of resources on their Facebook page and in their branches to help educate consumers on the issues and options of housing. These materials will cover the following topics:
- Determining how much house can you afford
- Mortgage 101: a guide for first-time home buyers
- Tips to save for a down payment
- The advantages of getting pre-qualified or pre-approved for a mortgage
- Understanding why you might not be approved for a loan
- Tips to improve your credit score
- Is a reverse mortgage right for you
- Seniors: how to decide if you should stay in your home
About Lakeland Bank
Lakeland Bancorp, the holding company for Lakeland Bank, has $3.6 billion in total assets with 48 offices and two loan production offices spanning nine New Jersey counties: Bergen, Essex, Middlesex, Morris, Passaic, Somerset, Sussex, Union and Warren in addition to a loan production office serving the greater Hudson Valley area of New York State. Lakeland Bank is the second largest commercial bank headquartered in the state and offers an extensive array of consumer and commercial products and services, including online and mobile banking, localized commercial lending teams, and 24-hour or less turnaround time on consumer loan applications. For more information about the full line of products and services, visit LakelandBank.com.